ETHUSD $158.00 Needed
Ethereum is showing signs of price stabilization, following the recent decline in the ETHUSD pair towards the $115.00 support level. ETHUSD buyers need to rally the pair from current levels towards the $158.00 level to create a large bullish reversal...
USDJPY Bulls Lose Battle With Resistance Trendline
USDJPY pushed lower on Monday and back towards the 109.00 level as the strong descending trendline that joins all the lower highs since mid-September 2018 capped upside movements once again. The slowing RSI, which heads towards its 50 neutral mark...
US 500 Index Prints Bearish Shooting Star Candle at Fresh Record High
The US 500 stock index seems to have formed a bearish shooting star candle on Friday in the same day it unlocked a fresh record high of 3,251 and it remains to be seen whether the bears will take the lead in...
EURUSD 1.1200 in Focus
The euro currency is testing towards the 1.1200 level against the US dolllar, following a bullish weekly price close above the pairs 200-day moving average. A breakout above the 1.1200 level exposes a potential test of the 1.1300 resistance level...
DXY Driving US Dollar Pairs
Yesterday we wrote about how the DXY had a nasty move on December 25th/26th during quiet trading, which was exacerbated by the holiday with many markets closed. Price spiked lower by over 100 pips and bounced back to unchanged within...
EURUSD Risk Continues To Point Higher On Rally
EURUSD with the pair continuing to retain its upside pressure following a rally on Friday, more strength is expected. Resistance comes in at the 1.1200 where a break will turn risk to the 1.1250 level. A breach below here will...
USD/CAD Should Continue Below 1.3100
The USD/CAD has formed a bearish continuation pattern and we might expect a break below 1.3100. If the price manages to stay below 1.3100 we should see another wave of sellers. The POC zone 1.3100-10 is showing a potential rejection...
AUDUSD Extends Winning Streak But Rally at Risk of Being Overstretched
AUDUSD surged to a 5-month high of 0.6954 on Friday as the pair looked set to post a seventh straight session of gains. However, although the technical indicators suggest there’s plenty of positive momentum remaining to sustain the rally, there...
Oil Price Outlook: More Gains in The Coming Sessions Expected
Crude oil price started a strong rise above the $60.00 resistance area against the US Dollar. The price gained strength above $60.50 and even climbed above the $61.00 level. Moreover, there was a close above the $61.00 level and the...
USD/JPY Sighting Crucial Upside Break
Key Highlights USD/JPY is likely to accelerate gains if it clears the 109.80 resistance area. A strong support base seems to be forming near 109.20. The US Initial Jobless Claims for the week ending Dec 21, 2019 declined from 235K...
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